City Office REIT (CIO) Reports Q1 FFO of $0.14

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Go back to City Office REIT (CIO) Reports Q1 FFO of $0.14

City Office REIT Reports First Quarter 2020 Results

May 7, 2020 6:00 AM EDT

VANCOUVER--(BUSINESS WIRE)-- City Office REIT, Inc. (NYSE: CIO) (the Company, City Office, we or our) today announced its results for the quarter ended March 31, 2020.

First Quarter Highlights

GAAP net loss attributable to common stockholders was approximately $1.0 million, or ($0.02) per fully diluted share; Core FFO was approximately $14.3 million, or $0.26 per fully diluted share; AFFO was approximately $7.9 million, or $0.14 per fully diluted share; Same Store Cash NOI increased 4.1% as compared to the first quarter of 2019; In-place occupancy closed the quarter at 92.2%; Executed approximately 221,000... More